Meta and EU Disagree on Metaverse - Coinleaks
Current Date:September 21, 2024

Meta and EU Disagree on Metaverse

Social media giant Meta is at odds with EU representatives over the future of the metaverse.

Meta proposes a single metaverse in which the company has central power, while EU representatives think there should be more than one metaverse universe.

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Eva Kaili, Member of the European Parliament, who led the Parliament’s report on NFTs, said:

“In this new digital world, it is extremely important to be careful not to re-create centralization and new types of gate-keepers.
It is critical that people have complete power over their digital lives, the data they share and the content they produce.”

Meta’s head of EU affairs, Aura Salla, thinks differently:

“Our economy, consumers and customers will benefit if we focus on building a single governance”

Joachim Schwerin, chief economist of the Council of Europe’s digital transformation unit, also opposes centralization:

“No matter how we look at it, we cannot arrive at a centralized approach. We killed all the creativity we had.
There can never be a single central solution. There will be many different solutions.”

The social media giant official noted that there are employment studies:

“We said that in the coming years, we would hire 10,000 people in Europe to work on the metaverse. This still remains our commitment.”

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